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Happy Monday Folks! Over the weekend a French restaurant announced they were accepting Bitcoin. Today, we learn that Mixin network suspended services after getting hacked. Meanwhile, Bitcoin is trading at $26,081.25; struggling to hold $26K once again. Let's get on with the news...

SUMMARY

US gov’t shutdown looms — 5 things to know in Bitcoin this week (Cointelegraph):

• BTC price weekly chart prints “death cross”
• September 2023 clings to “green” status
• PCE data, Fed’s Powell headline macro week
• Analysis dismisses BTC exchange balance drop
• Bitcoin offers “fascinating” 2020 similarities

Bitcoin price erases September gains, but new data from IntoTheBlock reveals that Bitcoin (BTC) is showing relative strength against the stock market amid declining macroeconomic conditions. Crypto traders brace for nearly $5B Bitcoin and Ether options expiry. MicroStrategy has announced an acquisition of an additional 5,445 BTC, a purchase amounting to approximately $147.3 million.

Bitcoin halving 85% complete, with supply held by long-term holders close to ATH. Woo shares a chart showing the ratio between “paper” Bitcoin, or derivatives that represent BTC, and actual liquid coins; believes it to be the "enemy" of Bitcoin. He also believes buying Bitcoin on exchanges will not "moon the price." Meanwhile, Mark Yusko, the Founder, CEO, and CIO of Morgan Creek Capital Management, LLC, a prominent investment management firm, recently predicted an imminent sharp increase in Bitcoin’s value. Former Goldman Sachs executive Raoul Pal says that the next wave of global liquidity will likely send the crypto space into a frenzy.

Dollar Cost Averaging Bitcoin platform indicates that if you had started investing $70 daily in Bitcoin precisely one year ago, on September 24, 2022, you would now own one full Bitcoin. Bitmain invests $53.9 million in Core Scientific to support mining operations.

Inscription craze leaves thousands of Bitcoin transactions unconfirmed. Nine months after launching, the Street Cy₿er artist collective has over 100 street artists, musicians and Bitcoin enthusiasts involved.

XRP is on the brink of touching a significant support level, hovering around the $0.48 mark. This pivotal juncture could be a determining factor for the asset's future trajectory. Cardano celebrates 6th anniversary of genesis block creation and claims top spot in Crypto development activity. 

Tether reportedly shuts USDT redemption for some Singapore customer groups. Tether's CTO, Paolo Ardoino, refutes rumors about changes in the company's terms of service for Singapore firms. The controversy began when Bake's CEO, Dr. Julian Hosp, shared an email from Tether about changes in onboarding standards.

Coinbase holds about 5% of the total bitcoin in circulation, according to on-chain analytics firm Arkham Intelligence. Crypto exchange Coinbase has registered with the central bank of Spain to provide exchange and custody services in the country, the company announced Monday.

Coinbase CEO Brian Armstrong's opposes AI regulation, citing concerns over innovation and competition and believes the industry will benefit more from decentralization and open sourcing the technology. Coinbase intensifies campaign for clear Crypto regulation by mobilizing 50 million investors. Former SEC enforcement veteran, John Reed Stark, recently raised eyebrows with pointed critique regarding scarcity of action from US Department of Justice (DOJ) in crypto-related cases.

Hong Kong authorities are actively pursuing the masterminds behind the JPEX exchange, who orchestrated a $178 million crypto fraud. Hong Kong police said the leaders of the JPEX crypto exchange are still at large and are now enlisting the help of Interpol to track them down. In the wake of the ongoing JPEX scandal, the Hong Kong Securities and Futures Commission says it will issue a public list of suspicious crypto trading platforms. ​​​​Arrington removes himself from board of Celsius successor following board observer appointment. Former SEC official John Reed Stark is urging federal agencies to consider criminal charges against the parents of Sam Bankman-Fried (SBF). Meanwhile, Sam Bankman-Fried (Probably) Won’t Get a 115-Year Prison Sentence. Australian man (Jatinder Singh) who spent $6.7M erroneous Crypto.com refund faces theft charges, Guardian reports.

Rashawn Russell, former Deutsche Bank Executive, potentially faces a maximum prison sentence of 30 years after pleading guilty to investment scheme fraud and identity theft. Crypto exchange UpBit temporarily suspends Aptos withdrawals due to scam token bug and warns about potential rapid price fluctuations during the resumption of Aptos deposits and withdrawals. Mixin Network suspends services after hack involving $200 million in funds and Mixin Network founder, Feng Xiaodong, says just half users' assets are safe after $200 million hack. Xiaodong Feng, Mixin's founder, immediately outlined a compensation plan but would only reimburse up to 50% of users' assets for now.

The North Korean hacking collective has at least $47 million in cryptocurrency, including Bitcoin, Ether, BNB and various stablecoins, including Binance USD. Justin Sun says HTX hacked for 5,000 ETH but will cover losses.

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WEEDS

Bitcoin
 - Price (BIC)
 - Metrics (TDH)
 - Acquisition (UToday | BM | CoinDesk | Cointelegraph)
 - Options (CoinDesk)
 - Halving (BIC)
 - Opinion (TDH | Cryptoglobe | Finbold | TDH)
 - DCA (Finbold)
 - Mining (CryptoPotato)
 - Ordinals (Decrypt)
 - Awareness (Cointelegraph)
Altcoins
 - XRP (UToday)
 - ADA (UToday | BIC)
Stablecoins
 - USDT (Cointelegraph | BIC)
Exchanges
 - Coinbase (Blockworks | CoinDesk | TB | TDH)
Legislation/Regulation
 - Brian Armstrong (BIC | CryptoPotato | TDH)
 - John Reed Stark (UToday | Finbold)
Legal Cases
 - JPEX (BIC | Cointelegraph | Cointelegraph | TB | CoinDesk | Decrypt)
 - Celsius (TB | BIC)
 - SBF Parents (BIC)
 - SBF (CoinDesk)
 - Jatinder Singh 
Attacks/Hacks/Scams
 - Rashawn Russell (CryptoPotato)
 - UpBit Scam (TB | Cointelegraph | CoinDesk | BIC)
 - Mixin Hack (TB | CoinDesk | BIC | CryptoPotato | Cointelegraph | TB | Blockworks | Cointelegraph)
 - Lazarus Group (Cointelegraph)
 - HTX Hack (CoinDesk | TB | Cointelegraph | Blockworks)